Net general fund revenues totaled $1.307 billion in July, $67 million (5.4 percent) more than forecast. Net receipts from individual income taxes were below the forecast, while receipts from sales, corporate, and other taxes exceeded the forecast. July is the first month of FY 2022, so the fiscal year variance is the same as the monthly variance.

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Note: All results are preliminary and subject to revision. Monthly revenue variances should be interpreted with great caution. Wide swings in variances may be caused by variations in the rate at which receipts are received and processed and differences in the rate at which refunds are issued.